New York firm buys Henrico County Shopping Center
Cohen Equities, a New York City-based commercial real estate firm, recently acquired six retail properties across the U.S., including The Shoppes at Twin Oaks in Henrico County.
The property sold for $5.3 million, according to local property records, and was part of a deal that Cohen said contributed to a total of $100 million in new assets in 2014.
The 39,117-square-foot shopping center, built in 2006, is located across from the Innsbrook Corporate Center and faces Westerre Parkway. It is 69 percent occupied.
According to Cohen, there is currently 12,264 square feet available at the center with asking rents of $20 plus per square foot.
The other shopping centers in the portfolio are located in St. Louis, Miss.; Lahaska, Pa.; Cary, N.C.; Knoxville, Tenn; and Columbus, Ohio.